Month: January 2018

How rising crude oil price affects India’s GDP growth, inflation, and current account deficit

January 29, 2018 / admin / 0 Comments

The Economic Survey 2018 estimates that every $10 per barrel increase in the price of oil reduces growth by 0.2-0.3 percentage points. The comprehensive annual document on the Indian economy, which was tabled on Monday in the Parliament by Finance Minister Arun Jaitley, said that country’s economic growth is expected to grow …

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These 5 cheap stocks under Rs 200 may earn you up to 35% gains

January 27, 2018 / admin / 0 Comments

Indian stock markets have grown phenomenally well over the last 12 months with Sensex and Nifty soaring making and breaking all-new record highs day after day. In a very short span of this year, Sensex had surpassed two psychological levels of 35,000 and 36,000 while Nifty had breached 11,000, about …

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Budget 2018: How Sensex moved from Budget to Budget in three years of Narendra Modi government

January 26, 2018 / admin / 0 Comments

Budget 2018: The Finance Minister Arun Jaitley is all set to present the Union Budget 2018 on 1 February 2018. Investors are keenly awaiting for the last full year budget to be presented by Narendra Modi government before 2019 general elections. Indian equity markets have been continuously rising over the 13 months with the benchmark …

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Sensex slips 111 pts, manages to end above 36,000; SBI shares dive 5%, other PSBs crack 2-7%

January 25, 2018 / admin / 0 Comments

Indian stock markets closed lower after falling heavily in the afternoon trades on Thursday with Sensex and Nifty finishing the week above their respective psychological levels of 36,000 and 11,000 achieved this week. In the intraday trading, the benchmark Sensex tumbled 338.29 points or 0.93% to hit a day’s low …

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PSBs day: SBI, PNB, IDBI Bank, BOB shares gain up to 6% as Jaitley details PSU bank recap plan

January 24, 2018 / admin / 0 Comments

Almost all PSB (public sector bank) shares got a kick in the late afternoon trades on Wednesday as Finance Minister Arun Jaitleydetailed about Rs 2.11 lakh crore PSU bank recapitalisation plan in a press conference today. Ahead of the presser, shares of prominent banks such as IDBI Bank, Punjab National Bank, …

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Sensex crosses 36,000, Nifty scales 11,000 for first time; 6 reasons why

January 23, 2018 / admin / 0 Comments

India’s stock market made new all-time highs on Tuesday with benchmark indices Sensex and Nifty crossing the psychological levels of 36,000 and 11,000 for the first time in history of Indian capital markets. The S&P BSE Sensexamassed as much as 341.97 points or 0.96% to close at 36,139.98 and Nifty added …

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ONGC-HPCL buyout: A better deal for ONGC?

January 22, 2018 / admin / 0 Comments

After India’s oil giant ONGC finally entered into an agreement to buy a majority stake in HPCL, adding Rs 36,915 crore to Arun Jaitley’s kitty for this financial year itself, top brokerages say that ONGC is slated to benefit from the deal. Notably, ONGC has entered into a share purchase agreement for …

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Tata Steel announces successful $1.3 bn dual tranche bond offering

January 19, 2018 / admin / 0 Comments

Tata Steel on Friday said its wholly own subsidiary incorporated in Singapore, Abja Investment Co Pte Ltd, has successfully issued dual tranche of $1.3 billion of unsecured bonds in the international markets. The issue comprises $300 million 4.45 per cent unsecured bonds due on July 24, 2023 and $1 billion 5.45 …

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Month: January 2018

Sensex falls 250 pts, Nifty slips below 11,100, all sectors end in red; OMCs shine, bankers plunge

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